Membership Benefits

CIBIL’s vast repository of credit information augments your credit underwriting and portfolio management efforts. Members have access to consumer and company Credit Information Reports, Credit Scores and a host of value added tools that help them constantly monitor their portfolio; right from acquisition to collections stage.

CIBIL Members benefit by an increased ability to identify lending opportunities and keep non-performing assets in check; thus strengthening the basic foundation for business success.

Benefits of Membership

Risk Management solutions from CIBIL offers other benefits as well:-

• Objective Credit Decisions – a shift from relationship-based to information-based lending leads to accuracy in providing lending terms that suit a consumer’s payment track record and ability to take on additional leverage while mitigating the consequences of adverse selection

• Faster Credit Decisions - Enhances a credit institution’s ability to expand while maintaining credit portfolio quality

• Speed and Cost – Use of CIBIL CIRs will make processing of home loans faster and cheaper by eliminating the need to additionally research and verify borrower details. This will result in improved profit margins due to lower cost of processing.

• Differential Pricing – Members can differentiate between good borrowers and defaulters. In an increasingly commoditized credit market, credit grantors will be able to use price in order to differentiate their loan products.

Regulatory Compliance

Moreover, becoming a Member of a credit information bureau ensures your organization’s compliance with the Credit Information Companies (Regulation) Act 2005. The Act stipulates that all the credit institutions including NBFC’s, banks and other financial institutions should be a member of a Credit Information Bureau.